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    15335 Morrison St Sherman Oaks, CA 91403

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    15335 Morrison St Sherman Oaks, CA 91403

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    • Office buildings
    • 62,013 SF
    • 1.93 lot acres
    For Lease
    $2 SF/Yr
    View Listing →
    Sherman Oaks Office Space Available For Lease
    $2 SF/Yr
    59,000 SF

    Sherman Oaks Office Space Available

    Office space with remodeled common areas and freeway access.

    15335 Morrison St |, Sherman Oaks, CA 91403
    View Listing
    Property ID
    US09-6329577
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

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    Property Details for 15335 Morrison St

    Year built
    1977
    Lot size
    1.93 lot acres
    Property size
    62,013 SF
    Zone code
    LACR
    Property type
    Office buildings
    APN
    2263-039-003
    APU
    2263039003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sherman Oaks
    County
    Los Angeles
    State
    California
    Longitude
    -118.468
    Latitude
    34.1611
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $85,933
    $2,709,296
    $3,749,861
    $6,459,157
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $13,620,000
      87,925 SF

      15300 Ventura Blvd

      OFFICE BUILDING (MULTI-STORY) • 87,925 SF
      15300 Ventura Blvd, Sherman Oaks, CA 91403-3103
      View Details
    • Value Estimation
      $540,000
      1,818 SF

      15300 Morrison St

      OFFICE BUILDING • 1,818 SF
      15300 Morrison St, Sherman Oaks, CA 91403
      View Details
    • Value Estimation
      $3,070,000
      17,860 SF

      15206 Ventura Blvd

      OFFICE BUILDING • 17,860 SF
      15206 Ventura Blvd, Sherman Oaks, CA 91403-3392
      View Details
    • Value Estimation
      $665,000
      3,147 SF

      4634 Van Nuys Blvd

      OFFICE BUILDING • 3,147 SF
      4634 Van Nuys Blvd, Sherman Oaks, CA 91403-2915
      View Details
    • Value Estimation
      $1,680,000
      6,116 SF

      4529 Sherman Oaks Ave

      OFFICE BUILDING (MULTI-STORY) • 6,116 SF
      4529 Sherman Oaks Ave, Sherman Oaks, CA 91403-3820
      View Details
    • Value Estimation
      $2,250,000
      7,920 SF

      4951 Sepulveda Blvd

      OFFICE BUILDING • 7,920 SF
      4951 Sepulveda Blvd, Sherman Oaks, CA 91403
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,216 SF

      Sherman Oaks Office Building

      Office building with modern amenities and convenient freeway access.
      4558 Sherman Oaks Ave, Los Angeles, CA 91403
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    • $18,600,000
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      Sherman Oaks Office Building

      Prime Location, High-Demand Office
      15315 Magnolia Blvd, Los Angeles, CA 91403
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    • $7,200,000

      Sherman Oaks Retail/Medical Opportunity

      Prime Sherman Oaks location with high traffic and conversion potential.
      14936 Ventura Blvd, Sherman Oaks, CA 91403
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    • Contact for pricing
      4,233 SF

      Sherman Oaks Multifamily Property

      Multifamily property for sale in Sherman Oaks, California.
      14728 Magnolia Blvd, Sherman Oaks, CA 91403
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    • $3,200,000

      Spacious Tri-Level Sherman Oaks Property

      Remodeled tri-level property with four units in prime Sherman Oaks.
      14948 Moorpark St, Sherman Oaks, CA 91403
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    • $12,358,000
      24,890 SF

      Prime Ventura Boulevard Retail Investment

      NN leased Burlington investment property in Sherman Oaks, California.
      14651 Ventura Blvd, Los Angeles, CA 91403
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Office in Sherman Oaks

      Well-kept office building at Ventura and Sepulveda intersection.
      15233 Ventura Blvd, Sherman Oaks, CA 91403
      View Details
    • Contact for pricing

      Sherman Oaks Office Space

      Office space available for lease in Sherman Oaks, CA.
      4955 Van Nuys Blvd, Sherman Oaks, CA 91403
      View Details
    • Contact for pricing

      Office Space for Lease

      Office space available for lease in Sherman Oaks, CA.
      15300 Ventura Blvd, Sherman Oaks, CA 91403
      View Details
    • Contact for pricing
      1,611 SF

      Sherman Oaks Office Space Available

      Office space available for rent in Sherman Oaks, CA.
      4955 Van Nuys Blvd, Sherman Oaks, CA 91403
      View Details
    • $2 SF/Yr

      Executive Office Space in Los Angeles

      High-floor executive office space available for lease or sublease.
      15260 Ventura Blvd, Sherman Oaks, CA 91403
      View Details
    • $3 SF/Yr
      1,010 SF

      Medical Office Space Available

      Second floor medical office suite available for rent.
      4849 Van Nuys Blvd, Sherman Oaks, CA 91403
      View Details
    View Listing
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    Sherman Oaks, CA 91403
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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